Constellation Energy Corp
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
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Consolidated Balance Sheets
| (In millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $1,793 | $366 |
| Restricted cash and cash equivalents | 77 | 74 |
| Accounts receivable | ||
| Customer accounts receivable (net of allowance for credit losses of $55 and $56 as of September 30, 2024 and December 31, 2023, respectively) | 1,208 | 1,934 |
| Other accounts receivable (net of allowance for credit losses of $6 and $5 as of September 30, 2024 and December 31, 2023) | 549 | 911 |
| Mark-to-market derivative assets | 632 | 1,179 |
| Inventories, net | ||
| Natural gas, oil, and emission allowances | 209 | 284 |
| Materials and supplies | 1,263 | 1,216 |
| Renewable energy credits | 700 | 660 |
| Other | 2,819 | 1,655 |
| Total current assets | 9,250 | 8,279 |
| Property, plant, and equipment (net of accumulated depreciation and amortization of $17,972 and $17,423 as of September 30, 2024 and December 31, 2023, respectively) | 20,892 | 22,116 |
| Deferred debits and other assets | ||
| Nuclear decommissioning trust funds | 17,694 | 16,398 |
| Investments | 494 | 563 |
| Goodwill | 420 | 425 |
| Mark-to-market derivative assets | 732 | 995 |
| Deferred income taxes | 35 | 52 |
| Other | 2,294 | 1,910 |
| Total deferred debits and other assets | 21,669 | 20,343 |
| Total assets(a) | $51,811 | $50,738 |
| (In millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Short-term borrowings | $— | $1,644 |
| Long-term debt due within one year | 1,034 | 121 |
| Accounts payable and accrued expenses | 2,410 | 2,486 |
| Payables to affiliates | 356 | 118 |
| Mark-to-market derivative liabilities | 502 | 632 |
| Renewable energy credit obligation | 909 | 972 |
| Other | 318 | 338 |
| Total current liabilities | 5,529 | 6,311 |
| Long-term debt | 7,378 | 7,496 |
| Deferred credits and other liabilities | ||
| Deferred income taxes and unamortized ITCs | 3,554 | 3,209 |
| Asset retirement obligations | 12,322 | 14,118 |
| Pension obligations | 867 | 1,070 |
| Non-pension postretirement benefit obligations | 774 | 732 |
| Spent nuclear fuel obligation | 1,349 | 1,296 |
| Payables related to Regulatory Agreement Units | 4,828 | 3,688 |
| Mark-to-market derivative liabilities | 341 | 419 |
| Other | 1,862 | 1,025 |
| Total deferred credits and other liabilities | 25,897 | 25,557 |
| Total liabilities(a) | 38,804 | 39,364 |
| Commitments and contingencies (Note 13) | ||
| Equity | ||
| Member’s equity | ||
| Membership interest | 10,538 | 11,537 |
| Undistributed earnings (deficit) | 4,232 | 1,667 |
| Accumulated other comprehensive income (loss), net | (2,134) | (2,191) |
| Total member’s equity | 12,636 | 11,013 |
| Noncontrolling interests | 371 | 361 |
| Total equity | 13,007 | 11,374 |
| Total liabilities and equity | $51,811 | $50,738 |
(a)Our consolidated assets include $3,992 million and $3,355 million as of September 30, 2024 and December 31, 2023, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Our consolidated liabilities include $982 million and $990 million as of September 30, 2024 and December 31, 2023, respectively, of certain VIEs for which the VIE creditors do not have recourse to us. See Note 15 — Variable Interest Entities for additional information.
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